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20131028
20131105
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Search Results 0 to 49 of about 88 (some duplicates have been removed)
. i think we can do that. i am equally certain republicans in congress will not support tax increases, either directly or indirectly. front door or back door. asking american workers to send more of their paychecks to washington will hurt growth. similarly, taking more tax dollars from job creators will result in fewer jobs. i agree exactly with what senator grassley said, the $600 billion tax hike that came with the fiscal cliff legislation at the end of last year was our tax hike. we have gotten the tax hike, and we will not support another one. let's explore representative cole's idea of an expedited tax reform process to get us the pro-growth tax policies that will give us the additional revenue we need. lastly, let's explore enacting the mandatory savings contained in president obama's own budget. president obama has outlined budget savings in the entitlement programs that were courageous, difficult, but they do not cut benefits. these proposals do not cut social security. they do not cut medicaid. no one is suggesting, as has been alluded to, suggested by some members of this c
in any temperature, even cold. tideod pop in. stand out. ♪ 'cause i'm the tax man, yeah, i'm the tax man♪ >> i love that music, i mean, that's just perfect because higher taxes may be coming thanks to obamacare. a report in the new york times that says millions of people will get free health coverage under obamacare. grover norquist joins us on the demands for ever more taxes. we're about a minute from the opening bell. come in from chicago, larry levin. look, larry, i've got a new poll from citigroup that says that 20 very rich families keep 39% of their assets in cash, only 25% in stocks. i'm surprised as so much cash. what does it tell you? >> well, it tells you those people have a whole lot of money, stuart and they've got less problems than a lot of people, even a lot of traders down here, you know, if you're going to keep-- >> do you think they're worried? do you think they're nervous with stocks as an all-time high and bonds doing very well, too? are they nervous? >> again, i think they may be nervous to a certain extent. you should be a little nervous when the markets are on t
of obamacare under congress' general taxing power. the court noted specifically that, quote, even if the taxing power enables congress to impose a tax on not obtaining health insurance, any tax must still comply with other requirements in the constitution, unquote. mr. speaker, i want to read that one more time. even if the taxing power enables congress to impose a tax on not obtaining health insurance, any tax must still comply with other requirements in the constitution, unquote. in short, mr. speaker, obamacare was upheld as a tax. the supreme court did not and has not yet considered a challenge to the affordable care act's taxing provisions on the grounds that it violated the origination clause in the united states constitution. and, mr. speaker, it most certainly did exactly that. mr. speaker, the origination clause is found in article 1, section 7 of the constitution. and it states, quote, all bills for raising revenue shall originate in the house of representatives, unquote. in creating obamacare, senator harry reid took an entirely unrelated bill, h.r. 3590, containing just 714 words, a
. look at this, judicial watch reports that former irs official lois lerner shared confidential tax info with the federal elections committee. if true, that would be a felly. 48 million people on food stamps facing cuts in the program. 36 bucks a month. 420 a year cut. last item, french soccer going on strike. the reason, french president hollande won't give the teams and players an exemption from that 75% tax on million dollar sales, they're striking. we haven't forgotten about your money. it's all about tech. apple's new ipad on sale today, that and more obamacare bombshells in a moment. [ bagpipes and drums playing over ] [ music transitions to rock ] make it happen with the all-new fidelity active trader pro. it's one more innovative reason serious investors are choosing fidelity. get 200 free trades when you open an account. and this pk is the inside of your body. see, the special psyllium fiber in metamucil actually gels. and that gelling hes to lower some cholesterol. metacil. 3 amazing benefits in 1 super fiber. ♪ we need a little christmas right this very minute♪ >> i suppo
, but the prospect of raising taxes remains a sticking point. >> simply taking more from the hard-working families of america just isn't the answer. i know my republican colleagues feel the same. so i want to say this from the get-go. if we look at this conference as an argument about taxes, we're not going to get anywhere. the way to raise revenue from our perspective is to grow the economy, to get people back to work. >> compromise runs both ways. while we scour programs to find responsible savings, republicans are also going to have to work with us to scour the bloated tax code and close some wasteful tax loopholes and special interest subsidies because it is unfair and unacceptable to ask seniors and families to bear this burden alone. >> ifill: the committee has until december 13 to hammer out an agreement. otherwise, the next round of cuts will kick in next year. we'll have more on this, later in the program. there's word that the national the deficit ran $680 billion -l last month. the first time red ink has fallen below a trillion dollars in five years. today's report said revenues rose by
tax questions, call us 1-877-249-9626. we want to hear you from. it's as simple as this. at bny mellon, our business is investments. managing them, moving them, making them work. we oversee 20% of the world's financial assets. and that gives us scale and insight no one else has. investment management combined with investment servicing. bringing the power of investments to people's lives. invested in the world. bny mellon. at od, whatever business you're in, that's the business we're in with premium service like one of the best on-time delivery records and a low claims ratio, we do whatever it takes to make your business our business. od. helping the world keep promises. gerri: welcome back to our special user guide to obamacare, you still have time to send in your question, 1-877-249-9626. back again with me to answer your tax related questions. rich, thank you for coming back after dinner. i appreciate that. we have a caller here wayne in north carolina. what is your question? >> two questions, when there is a discussion about total income for individuals, as far as getting offset fro
. that's number one. number two, we need tax reform, in my view, tax reform that brings down the top corporate rates to something more closely aligned with every other developed nation in the world, and at the same time that we're doing that to generate some revenues for deficit reduction, to match what we're doing on the spending side. if you think about it, as the senator from ohio knows, the senator from west virginia knows, tax expenditures, tax breaks, tax credits, tax deductions, tax loopholes, tax gap adds up over the next ten years to anywhere from $10 trillion to $15 trillion. we're going to spend more money out of the treasury for tax expenditures than we're going to spend in all our appropriations bills combined. if we could capture 5% of $12 trillion over ten years for deficit reduction, that's $600 billion. if we could match that in like a bowles-simpson number, we could do about another $2 billion on deficit reduction on top of what we've already done. is that a grand compromise that i want and i think the senator from ohio wants and i know the senator from west virgini
court upheld the mandate as a tax but president obama went in front of the entire nation to say the mandate was not a tax increase so we have unilateral reinterpreting of the lock over the last three and a half years. gerri: one more caller from new york about the single payer system. caller: to do you think the obamacare concept and kellogg was designed to create a single payer system to a implode? gerr ttsreat estn. >> ion'thin he ishat vio. aughr] iann beeve the american people after having watched this trade racal vote to give more control to the federal government. gerri: but it is interesting >> i think they have the assumption most of the house plan would move into the exchange but now basie health insurance will try to stay out to offer plans outside pool is the opposite of what they anticipated. this has been so miserable. gerri: is it possible that insurers' move out of the system? >> i agree. they're all sorts of problems you could end up with only sick people the sequester could cut insurers' to the tune of billions of dollars are they could pay for the sequester cut
they knew what they were doing. even those folks couldn't afford it. it is not the rich paying more taxes. it is people who realize in order to buy insurance, which otherwise the irs is going to come after them, but in order to buy insurance, the premiums are up, the co pays are up, the deductibles are up sometimes up to several thousands of dollars. these folks are saying i can't afford health care and send my kids to college or buy the things i need to buy. has why it is outstanding -- that's why it is outstanding she says go and buy something else. the president has doctors on the team at the white house. but the moms and dads out there, the single moms and dads struggling to get through lost it and they don't know how to get it back. >> let's look atey -- lets 8 look. he said don't blame us. it is not the president's fault. >> the law does not say sears drops coverage. the law does not say you drop coverage. the insurance industry decides how it will make money. when the private companies decide that they will drop people or put them in the exchange you blame president obama. he is no
a but as a practical matter anyway that you can put away free tax money, save it to you are going to need it later. the way things are going you want to do as much as you can now no matter what age. gerri: i agree with that enrely. what additional vehicles should people be looking for. max out your four -- 401(k). >> if you have children, grandchildren, the 529 plan. that has not been tampered with by our politicians. that too has been enlarged from its original levels just like 401(k). so there are vehicles like that. 529 is a good one if you want to help accomplish the savings. gerri: absolutely a great idea for people out there who are looking for additional ways to save. so many folks out the are over inveed in bonds because they got burned last time around in the stock market. what are you telling your clients right now? >> well, the stock market has been in an uptrend, and it is still intact. as long as we have low inflation which we do, very low interest rates, that is where they are, and we will have them for a while longer assets have an upward bias, real estate, stocks, all kinds of asse
taxes on people who benefitted the most in last regime, republicans' to cut spending willy-nilly. neil: no, i don't see a lot of spending ideas offered on the table by any party. i see. saying, record tax revenue we're getting, we want more. we' more of, that i don't hear offers for more spending cuts. >> no, let's be clear, the president of united states got his big tax increase on the rich. last year, 600 billion. that is -- >> it is working. >> he is coming back to the well he wants another $1.1 trillion tax increase in next 10 years, in his budget proposal he increases the debt by $8.2 trillions, that never comes close -- -- >> robert, on both sides, the urgency is taken away when you whoop and scream and rejoice at a deficit that is only 600 billion-dollars, we remember it was 60 billion-dollars, jimmy carter said it was all like a fiscal war. i think that was then, this is now. we tolerate what is still very, very worrisome news. nancy pelosi said, cupboard is bear, there is no room to cut, harry reid said americans are onboard hiking taxes more, like we live in a make believe wo
the pike? how many taxes are in there? nice that it is covering people, but when will it -- what is it going to cost us? i think that americans really want to know and it is not out there in black-and-white. you should be able to look and see. there are a lot of important things that have been done wrong. the president has lied to us. thank you. host: a little bit more about the book "double down." it is just coming out. even after obama named hillary clinton as secretary of state, finding their wounds, he could barely endure spending time with the clinton. he rarely contacted his democratic predecessor in the years after taking office. after midterm losses for his party, the incumbent and his inner circle realized that they still needed the popular mr. clinton. they golfed together in 2011 in an effort to get closer together. they did not even finish 18 holes. r. obama succinctly expressed his view of mr. clinton saying that he liked him in doses. to thema, who is known test campaign donor nations said that he could not name his top five vendors. he says he has no idea. after me
the government does not that. skeptical of that, a doctor, obstetrician and taxes, stopped practicing a job. now a congressman. doctor, you wrote an op-ed were you said america was supposed to be different from europe. what is your point? >> honestly, the whole premise of the founding of our society was that it was a free society based upon limited government with government with the consent of the government. we broke away from a country where the divine right of kings was the popular philosophy. you owed to the king the tide and tax because after all, he was anointed by god. john: a majority at the time voted for it. >> it passed and as the president is apt to tell you very quickly, it passed through the supreme court with some changes. you know, is still be, a part of the united states congress to change something that is bad. chase something that people don't want. and really, the next up in this trauma, if you will, is up to the american people. i have done what i can't the last three years to either try to deflect or improve are not damaged people so badly with this thing. honestly, do you
of this and navigate it. thank you. bill: your income tax, sales tax, how about a driving tax. why some states are now looking to charge people for every mile they drive and how the world with a plan to track that? martha: the old saying lice may never strikes twice turned out to be a myth for this man. we will tell you about his very close call. hi. i'm henry winkler. and i know there are many myths out there about a reverse mortgage, so i want you to know the facts. there are currently no credit score or income requirements to qualify. you can get tax-free money from the equity in your home. you can use the money to pay off your current mortgage if you have one. the remaining money can be used for anything. there's no monthly mortgage payments. and you still own your home! call today to get your free guide and dvd. it explains how a government-insured reverse mortgage works. there's no obligation. one reverse mortgage is a quicken loans company. their licensed experts can answer all your questions. call to find out what a great solution this can be. don't wait, call now! bill: so this man takes his
are as a country. for everybody to see. think about it -- we can keep wasteful corporate tax giveaways that working folks don't get, or we can close those loopholes and use that money to pay for things that actually create jobs. we could keep harmful cuts to education programs, or we could give more kids a head start. hire more teachers in math and science and help more kids afford a college education. we can keep doling out corporate welfare, or we can invest in renewable energy that creates jobs and lowers carbon pollution. priorities, choices, that is what this is about. and the stakes for the middle class couldn't be higher. if we don't pick the right priorities now, make the right choices now, we could hinder growth and opportunity for decades and leave our children with something less. that includes the obsession with cutting just for the sake of cutting. that doesn't help our economy grow. it will hold us back. remember, our deficits are getting smaller, not bigger. on my watch their falling at the fastest pace in 60 years. that gives us room to fix our long-term debt problems without sticki
. it is poured to understand if she is eligible for tax credit because that affects the price you would pay. >> can she find out the cost of the plan without finding out -- without signing up? interested innot the tax credit and you just want to know what rates are available, we have on the website the ability -- availability to do that. quest website is not working. >> this is on the front end. what is not working are some of the pieces inside the application. interested int rates in our market, that is available through the website. there is also the ability, and we have a link to that on the website, to use kaiser site which also allows them, if they believe they are eligible to task credits, to go in and simulate what that would look like. interested int test credits and they just want to know what is available to them, and i have several friends available to me, i just want to see what rates on individual margaret -- they have decided to do that. quest they do not. quest your positive? >> i am positive. >> is in the person on the phone with my constituent who is trying to find out if t
early next year? they're going to cave on the budget? what are they going to do about taxes? well, they are here next. ♪ inside out, and round and round♪ ♪ upside down you turn me, you're giving love instinct tiffly. round and round you'll turn me♪ (announcer) scottrade knows our clients trade and invest their own way. with scottrade's smart text, i can quickly understand my charts, and spend more time trading. their quick trade bar lets my account follow me online so i can react in real-time. plus, my local scottrade office is there to help. because they know i don't trade like everybody. i trade like me. i'm with scottrade. (announcer) ranked highest in investor satisfaction with self-directed services by j.d. power and associates. wow...look at you. i've always tried to give it my best shot. these days i'm living with a higher risk of stroke due to afib, a type of irregular heartbeat, not caused by a heart valve problem. at first, i took warfarin, but i wondered, "could i up my game?" my doctor told me about eliquis. and three important reasons to take eliquis instead.
too much. about two-thirds said raising taxes to cut the deficit was a nonstarter. and compared to obamacare, which more voters actually said they wanted to repeal, these levels of support are striking. so if our friends on the other side want to keep trying to claim an electoral mandate for maintaining obamacare contradicted by the facts as that phaoeurbgs while using their own logic we had to call the mandate for reducing the size of government a super mandate. that's why their new plan to undo the cuts the president campaigned on and increase the debt is so outrageous. we hear that the senior senator from new york will soon announce a proposal to give the permanent -- give the president permanent power to borrow more. in other words, he wants to extend the debt ceiling permanently by going around congress. let me repeat that. the so-called schumer-obama plan is a plan to permanently hand the president a credit card without spending limits and without lifting a finger to address the national debt. truly outrageous, especially when you consider that our debt is now $17 trillion
, but with the threat of tax. yesterday we all know better. if you like your insurance, you won't necessarily get it keep it because president obama and 279 congressional democrats chose to pass a flawed law that for many strips the choice away. i yield back, mr. speaker. the speaker pro tempore: the gentlelady's time has expired. for what purpose does the gentleman from south carolina seek recognition? >> mr. speaker, i ask unanimous consent to address the house for one minute. revise and extend my remarks. the speaker pro tempore: the gentleman is recognized for one minute. mr. wilson: mr. speaker, the augusta chronicle lead editorial on saturday hit the nail on the head pointing out that the real truths about the obamacare train wreck. americans remember a, quote, soothing assurance from president obama in 2009 when he was hawking his affordable care act to the masses. if you like your health care plan, you can keep your health care plan. now tell that to the hundreds of thousands of americans who already have received letters from health plans essentially telling them you are on your own, end
republican after republican talking about cutting taxes, talking about growing the economy, but not reaching to of the folks of middle-class, marking -- working men and women. it is like the republican party has written another class exists >> i certainly agree in terms of making that contact with working families. the biggest jealous families face a virginia is economic opporunity, jobs. there are enormous loss of virginia verbal of leisurely judge of the members because there have been unemployed so long three they're focused on that. a big difference. i can explain my plan to grow jobs and cut taxes. he is proposing more government spending. $1,700 more per family. other than zero in this month on obamacare. there is a stark difference also. once again come his approach is bigger government and-smaller government. was the first of five obamacare. lou: you were the first one to sue on obamacare. >> right. lou: at the same time, is that an issue for virginia voters? we look at these numbers. we're talking about, you know, roughly 10 percent of the folks that are going to the polls, federal
. for individual retirement accounts, i.r.a.'s, under the tax code. today retirees are more likely to rely on 401k's and i.r.a.'s and are less likely to have defined benefit plans from their employers. at the same time, the natural products have become increasingly complex. because the rules governing the rights of investors and the responsibilities of advisors are more than 35 years old, d.o.l. is attempting to modernize these rules and -- in order to reflect the changing nature of the retirement marketplace. given these realities it is necessary for the department to make sure that the professionals offering retirement advice have a duty to put their clients' interests first before their own or at very least tell their customers that they may be conflicting. at the same time the s.e.c. is considering moving forward on a rule making that would impose a uniform fiduciary standard of conduct for broker dealers and investment advisors, consistent with the dodd-frank act. this would ensure that whatever the business model, if an individual is providing personalized investment advice out securities to
more to cut spending in the next debt deal. this includes comprehensive tax reform to make our tax code less burdensome and changes to our entitlement programs to ensure that they are working as they should for future generations. american families know that they cannot spend limitlessly and never pay their bills. our federal government should not be any different and it's time to break our bad spending habits. mr. speaker, i yield back. the speaker pro tempore: the gentleman's time has expired. for what purpose does the gentlelady from california seek recognition? >> mr. speaker, i ask unanimous consent to address the house for one minute. the speaker pro tempore: without objection, the gentlelady from california is recognized for one minute. ms. hahn: thank you, mr. speaker. the affordable care act is more than a website, it's affordable quality health insurance made available to everyone. and what my friend on the other side of the aisle like to keep talking about bad stories, there's some good stories about the affordable care act and i have one of them. it's sara and joe, parents o
lerner violated federal law by sharing confidential tax information from tea party groups with the federal election commission, judicial watch said they obtained e-mails from lerner that shows she disclosed information from several conservative groups including the american future fund, and the american issues project. lerner retired from the irs last month. but congressional investigations are ongoing. >> on wall street today stocks moved low edow down 73, nazdaq down 7, and nazdaq down 11. >> stocks posted strong gains for october, dow up 3% in october, s&p you of 4 1/2%, and nazdaq a gain of nearly 4%. on economic front, jobless claims fell by 10,000 last week. we're coming right back with much more. stay with us. >> out of touch perhaps but real out of the loop too? the president's accolade shield him from scandal from benghazi to the obamacare, the obama defense remains the same, he just doesn't know. congressman brad win drop with us next. as a business owner, i'm constantly putting out fires. so i deserve a small business credit card with amazing rewards. with the s
. lou: why would congressman paul ryan get involved in integration an trying to rewrite the tax code in such a short timeframe and as i was talking with jon barrasso yesterday, the leadership priorities are to preserve sequester and ensure that no taxes are raised here. why expand again -- it's one of those baffling things to me that the republican party always seems to be inclined to turn potential political victories in moments of achievement into failure and i just don't understand it. >> he is focused on this budget negotiation and i don't think there'll be there will be a grand bargain. we are focused on not only keeping victories like this in place but adding to them as well and tax reform would be a victory that would help grow the economy and help alleviate the deficits. lou: but we are sitting here looking at this. >> cannot speak for him, but we are focused on trying to get a budget done and when you don't have a budget is when you have this continuous resolution. lou: goes back to what i was saying. >> earlier i said that it's okay to say no when no is what is %from people
close senator blunt i want to thank you for being a cosponsor of the start-up innovation tax credit, something senator rubio and senator schumer and stabenow as well as senator moran have cosponsored and introduced and discussed over time. it would help with access to capital for early stage start-up manufacturers. there are a lot of things we can discuss going forward but for today i am grateful for your leadership with senator brown on this bill that would help strengthen the national network of manufacturing innovation centers. you are a strong leader for manufacturing in your home state of missouri, and i'm grateful for a chance to spend some time with you on the floor today discussing that good bill and your good ideas. mr. blunt: let me talk about the start-up act we've worked on, i think you mentioned all the cosponsors of that, senator rubio, senator stabenow, senator mccain, senator schumer and enzi and what that does is try to extend the opportunity of research and development to start-up businesses. the way the tax credit works if you're -- you can deduct those costs from
. it was central to passing the law. it is sort of like the first president bush saying no new taxes. he broke that pledge. at least he had the honesty to tell everybody he was breaking the pledge. the president pledged this and never admitted he was going to break it. there's millions of people going to lose it, at least 15 million, including people in the small business community. many small business people are going to lose their plans too. >> we're going to get to that. dr. emanuel, the "wall street journal" reported this weekend that you in fact were part of a debate inside the white house at the time about whether or not this claim you can keep your plan, you can keep your doctor was misleading. this week -- >> i -- >> let me ask the question. then you can answer. -- whether it was misleading. on megyn kelly's show this week you blamed the insurance companies. >> if an insurance companies decides it's changing how it's going to structure its plan that is not the law doing it. that is the insurance company deciding for business reasons. >> but, doctor, the obama law demands that the insur
. this is what i mean by rude awakenings. people are signing found for insurance, getting tax credit subsidies funded by taxpayers. irs already telling us they're confused about how to do this you're not telling us whether or not you're proactively determining whether say under 26-year-old is actually eligible for the subsidies you're trying to sell them, and the problem is, once we learn whether or not they were eligible and if they weren't, people in booed faith will be signing up for subsidies they're not actually eligible for. >> i think you're asking a different question which is, are we doing 100% income verification? >> and subsequent eligibility verification. >> yes, part of the question in the application process are you dependent on your parents? are you dependent on your parents's tax plan? that is part of the question that goes on. if so we move them in this direction. but more importantly, part of what you're asking is the income verification which is done in 100% of the cases. >> i'm not asking about income verification. >> okay. >> i'm asking about if a person signs up, were the
to stay in network. great plans. by the way, what about when you're going to get taxed for the golden plan? you're paying $20,000 a year-plus. but now we're going to tax you because you're paying too much. >> what's interesting, senator, is the fact that i think over the last couple of weeks, going on to a month, mainstream media is kind of waking up to this. i think the story that only six people signed up on the first day came from cbs news. a lot of people are going we really believed this guy, but maybe we shouldn't have. >> can you imagine? at the end of the day 47 people, and they're saying hundreds of thousands of people -- >> it's the volume. that's what broke it. the volume. >> right. you know what it is? it's just this idea i'm going to do it my way. it's the old story of power. absolute power corrupts. so when the democrats controlled both houses overwhelmingly, they didn't look for compromise. they didn't look to involve others. they jammed it through. now they're paying the price. they're not. the american people are going to suffer. >> i read a lefty blogger somewhere on the
whether groups are eligible for tax-exempt status or whether the website for his signature health care plan is sufficiently tested. sometimes they involve policy decisions like monitoring the telephone calls of our allies which has been going on shortly after the 9/11 attacks. the white house response to shrug off the question whether the president is out of the loop as more mudslinging from his critics. >> certainly true that you have conflate ad bunch of very disparate issues. >> republican critics are making the case though that the appears to be in the dark about some pretty significant stories that are swirling around this white house. >> well, republican critics say a lot of things, jim. >> reporter: republican national committee has certainly picked up the pattern, releasing a list of things that seemed to catch the president by surprise and calling it, the president, i'm sorry. martha, i've lost the -- martha: but it leads to sort of the next issue here. i'm thinking about even robert gibbs, the former close advisor of the president who has been critical in recent weeks about h
Search Results 0 to 49 of about 88 (some duplicates have been removed)